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Can ARRA funds be used to convert Advance Construction (AC) balances, particularly when a State is experiencing or anticipating cash flow problems?

April 26, 2017AC arra balances Cash flow Construction convert funds particularly Used

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Can ARRA funds be used to convert Advance Construction (AC) balances, particularly when a State is experiencing or anticipating cash flow problems?

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No. AC conversions or AC authorizations may not exist on any part of a project funded by ARRA, including via a separate project number.